Levi Strauss (LEVI) insider filing: 107 dividend equivalents added by director

Rhea-AI Filing Summary

Garten Yael, a director of Levi Strauss & Co. (LEVI), reported the acquisition of 107 dividend equivalent rights (DERs) on 08/08/2025. Each DER is a contingent right to receive one share of the issuer's Class A Common Stock upon settlement; the transaction shows a price of $0.00 and the reporting table indicates 60,362 shares beneficially owned following the reported transaction, held directly.

The filing explains that the DERs vest and are delivered consistent with the underlying awards to which they relate. Unvested awards and related DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date; certain underlying awards are fully vested but subject to deferred delivery, and those same terms apply to the related DERs.

Positive

• Acquisition of 107 DERs reported (transaction code A), clarifying the nature of the change in beneficial ownership
• Post-transaction beneficial ownership disclosed: 60,362 shares held directly, providing transparency

Negative

• None.

Insights

Financial Analyst

TL;DR Routine equity-related acquisition: 107 DERs reported, resulting in 60,362 shares beneficially owned directly.

The Form 4 records an acquisition coded as A for 107 dividend equivalent rights tied to Class A Common Stock at a reported price of $0.00. The filing explicitly states the DERs convert to one share each upon settlement and describes clear vesting and deferred-delivery mechanics. From a financial reporting perspective, this appears to be a compensation-related equity event rather than an open-market purchase; the disclosure provides the necessary mechanics and post-transaction direct ownership figure for investor transparency.

Corporate Governance Expert

TL;DR Standard insider disclosure of award-related dividend equivalents with specified vesting and delivery terms.

The report identifies the reporting person as a director and documents the acquisition of DERs that mirror underlying awards. The filing specifies vesting triggers (earlier of the day before the next Annual Stockholder Meeting or one-year anniversary of grant) and notes deferred delivery for some vested awards. This provides clear governance-level detail about how and when shares tied to these rights will be delivered, fulfilling Section 16 reporting obligations.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Garten Yael

(Last) (First) (Middle)

C/O LEVI STRAUSS & CO.

1155 BATTERY STREET

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LEVI STRAUSS & CO [ LEVI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/08/2025		A		107(1)	A	$0.00	60,362	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights (DERs), each of which represents a contingent right to receive one share of the issuer's Class A Common Stock upon settlement. The DERs vest and are delivered consistent with the underlying awards to which they relate. Unvested awards and the related DERs vest as to 100% of the shares on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the date of grant of the underlying award. Certain underlying awards are fully vested and are subject to a deferred delivery feature, these same terms apply to the related DERs.

	/s/ Priscilla Duncan-Tannous, Attorney-in-Fact	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did the LEVI Form 4 filed for Garten Yael report?

The Form 4 reports an acquisition of 107 dividend equivalent rights (DERs) on 08/08/2025, showing a $0.00 price and 60,362 shares beneficially owned following the transaction.

What are dividend equivalent rights (DERs) in this filing?

The filing states DERs are contingent rights to receive one share of Class A Common Stock upon settlement and are delivered consistent with the underlying awards.

When do the DERs vest and settle according to the Form 4?

Unvested DERs vest 100% on the earlier of the day before the next Annual Stockholder Meeting or the first anniversary of the grant date; some awards are fully vested but subject to deferred delivery, with the same terms applying to related DERs.

What is the reporting person’s relationship to Levi Strauss & Co. (LEVI)?

The reporting person, Garten Yael, is identified in the filing as a Director of the issuer.

What transaction code was used and what does it indicate?

The transaction is coded A in the table, which is shown in the filing and indicates an acquisition of the listed securities or rights.